The International Energy Agency warned on Friday that U.S. production growth is defying expectations and setting the stage for another bout of price weakness
- The IEA monthly report on Friday
- Says prices haven't fallen far enough yet to cut supply
- Some signs of rising demand are just temporary ... bargain buyers using cheap oil to fill up stockpiles
More at a Wall Street Journal article (from Friday): Oil Prices Tumble After IEA Warning (gated)
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Oil was down late last week and has continued lower today:
